If you have reached this content, first of all, let me congratulate you, because perhaps you have not yet decided what the focus of your venture will be, but you do know that you want to start a project on your own. This is perhaps the first and most important step on the way to starting your company.
With the desire and drive, the only thing you need is to find the opportunity niche, that’s why we created this content with some of the best answers to the question “I want to start a business, but I don’t know what”.
We hope that at the end of this tour you have found the ideal business for you. Let’s find it together!
What is the best business to start?
One of the best ways to choose which business to start, when you still don’t know what, is to know the profitable businesses you can start. These are some that can give you a more immediate return on investment.
- an online store
- a business of drop shipping
- Sale of online courses
- reselling products
- Sale of used items
Let me explain in a couple of lines why these options are on the list.
1. An online store
With a minimum investment, it is one of the best businesses to start, since you do not require a place or invest in furniture to start your company, but you can start from home, taking advantage of what you have to invest in merchandise and time to create your virtual store.
💡Tip: use an ecommerce platform that does not require advanced programming knowledge, so that you can create your website with a shopping cart yourself. Tiendanube is one of them. 😉
2. A business of drop shipping
Have you heard about this type of business? It is easy to start a business, since you do not need to invest in merchandise or in a warehouse to store your products. Just as you hear it! If you want to know more about , I recommend that you click on the link and learn more about this interesting and very attractive idea of entrepreneurship.
3. Sale of online courses
Another good business to start is selling online courses. You do not require a super complex platform or having degrees from renowned universities. If you have knowledge that can be valuable to others, you can sell it through your own website. That easy!
You can take courses on how to make Mexican sauces, techniques to read faster, how to make earrings and jewelry with beads, or even colloquial Spanish classes for foreigners.
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4. Resale of products
If you don’t love the idea of having to make your own merchandise, you can go into reselling items online. There are many ways to buy products at factory prices, wholesale or imported that can give you good profits. The only thing you need is that you consider the cost of purchasing and shipping parts, so that it can be a profitable business.
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5. Sale of used items
In addition to being very affordable, selling used items is a growing trend. More and more buyers are interested in buying second-hand clothing or second-hand items, since it represents a lower impact on the environment, not to mention the lower prices compared to buying a new product. Do the test! You just need to have a fine-tuned sense of user interests and start your business.
What kind of business can I put up?
If you keep debating between what kind of business to start, I give you the key to evaluate which is the most recommended and make the right decision. Consider the following factors:
- The one that you are passionate about
- Have an area of opportunity
- That fits your investment
Let’s see, I explain each point so that there are no doubts.
1. The one you are passionate about
Passion is one of the most important elements for a business to work. It is difficult to work every day on something that you do not like or that you do not think is valuable, so it is essential that regardless of the segment you plan to dedicate yourself to, it makes you feel that it is where you should be.
2. Have an area of opportunity
In addition to passion, another element to consider is competition. Is your business idea in a highly competitive segment? What other companies are dedicated to the same as you?
Although it is important to know who your competitors are, it is an element that can be left in the background, because no matter how much competition there is, if you have passion, you may have a differentiating element that makes your brand stand out.
3. That fits your investment
Although there are those that you can resort to to start your business or made especially to grow your company, you need to be very clear about what you have to invest and how you can create your brand with the capital you have. I would not advise you to start with a debt if you are not clear about where you are going, what you want to do or how you want to reach your goal.
Learn more…
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What kind of business can I start in my home?
Starting a business from home is not necessarily for beginners or small businesses! On the contrary, it has many benefits. Here I share some business ideas you can start from home.
- food delivery
- Online clothing sales
- confectionery on request
- Crafts
- Travel agency
- Consulting and private classes
- Design of web pages and online stores
- sale of cosmetics
- Distribution of products by catalog
- and organic products
Let’s talk a little about each one, shall we?
1. Food delivery
In addition to being one of the most profitable businesses to start at home, you can sell food at home through applications, through web pages or even through social networks. Take your seasoning further!
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2. Selling clothes online
From second-hand clothes, cheap clothes, Asian clothes or clothes made by yourself, selling clothes on the internet is a winning idea, it is not for nothing that it is among the preferred online shopping categories among Mexicans, according to AMVO data.
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3. Confectionery on request
If you have a talent and innate sweetness for desserts, go ahead and sell cakes, brownies, cupcakes, cookies and more online. With the help of social networks you can achieve incredible results.
4. Crafts
Another way to put your creativity to work is through manual arts. From bracelets, earrings and other pieces of jewelry, through soaps, creams and homemade masks to true works of art such as paintings, ceramic pieces, porcelain or embroidery. Get started!
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5. Travel agency
You may think that to have a travel agency you must leave home, but you are wrong, today almost all issues related to tourism can be done online. Therefore, if you have a talent for planning trips or tours with groups, it is worth giving it a try.
6. Consulting and private classes
For children, teenagers or adults, you can teach any subject in which you are an expert. From a regularization for mathematics or piano lessons, singing or languages. You can take advantage of many of the free tools that have emerged during the pandemic to support learning at home.
7. Design of web pages and online stores
This option is not only designed for those who know programming for web pages, since there are options today that allow you to have your web page with a shopping cart without having to enter the code. You want to know more? and get incredible benefits referencing or supporting brand consulting.
Create your online store right now
8. Sale of cosmetics
We are now talking about another of the favorite categories for online shopping. And it is that the sale of makeup and beauty items is such a flexible business that you can start from home, with a very small stock or even without physical merchandise at home. As you decide!
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9. Distribution of products by catalog
Dedicating yourself to the distribution of products by catalog can be a great business to invest, since you have the positioning made by the brand, so it may not be difficult for you to make your customers understand why it is a good idea to buy your products.
However, what is true is that you can face great competition, but the treatment you give them and the attention can make the difference between them being one-time buyers or frequent buyers.
10. Sale of plants and organic products
Another business with a very good return on investment is the sale of plants, flowers and organic products. If you think about it, you know about plants and the care they require to generate new shoots, you have a gold mine in your garden.
What are the most profitable small businesses?
Counting between most profitable small business, these are the five that can leave you the most profits on a day-to-day basis. Take note!
- homemade online stores
- Sale of food and food
- Sale of sustainable products
- Sale and repair of electronics
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And it is that if they have something in common it is that they all have a wide market segment, which when combined with an appropriate method to make them more profitable, can give the profits you expect.
How to start my business?
If after this tour you already have a better idea about what you want to sell in your company, these are the steps to follow to start your business.
- Build a business plan
- Register with the SAT
- Process the necessary permits to open your business
- Get reliable suppliers
- Open your online store
Before I finish, let me tell you a little about each step.
1. Put together a business plan
If you don’t know , all the more reason you should create one. A business plan will let you know where you’re going, what your company’s goals are, where you’re headed, and more. It will be your best map to navigate the deep waters of entrepreneurship in Mexico.
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2. Register with the SAT
Avoid sleepless nights thinking about when the SAT will come to penalize your business and start off on the right foot. without dying trying. You will see that it is easier than you think!
3. Process the necessary permits to open your business
Depending on the line of business, it is likely that you will require certain permits to operate normally. Don’t worry! They are not otherworldly procedures….
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